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Will it be “5 Chinese yuan exchanges 1 US dollar” one day?

M: There is another G20 after 2010 G20 in Toronto?U: are you asking?
M: yeahU: maybe in 8 or 10 years there will beU: they like to spread such nonsense around
M: oh
M: I heard that China has withdrawn in the currency totally.
M: The value of RMB will go up.U: thats what the rest of the world wantsU: for the china currency to traded on the open market
M: the inflation in China is very severe now. It will be worse
M: will it be 5 RMB to 1 US dollar one day?U: no…if the currency value increases…then inflation will go down
M: the value increases to the foreign currency but the value will decrease within ChinaU: are you worried about such currency fluctuations?
M: not much for myself.U: are your investments at risk?
M: it can be the good news for me if the value of RMB goes up.
M: But it’s not good for Chinese people.U: good and badU: less inflation
M: If the values goes up enough, I can sell out my apartment.U: sureU: seeU: it will be good for you
M: yeah, but not good for my family. They are in China.U: see…good and badU: maybe they can move to toronto with you
M: 😛
M: but it’s enough for only one who is jobless. If all the family are jobless, it will be terrible. 😉U: but you won’t be joblessU: perhaps you will become an eBay guru
M: Well, thank you.U: it could happen
M: I plan to do some research about Stock Market in North AmericanU: the journey of a thousand miles begins with one small step
M: If I sell out my apartment, I will have some money to investU: sure
M: I have started a few journeys, all just one small step so far.U: but…if another financial crises occursU: be carefulU: Gold is safeU: maybeU: it is very high nowU: but i think will lose value soonU: oil is a good investmentU: now
M: It’s said that generally, if God goes high, the US dollars will goes down. or reverseU: thats is the trendU: protection against inflationU: butU: inflation hasn’t hit the US yetU: maybe with oil going up in price
M: yeah, now the prices of goods in US even are lower than in ChinaU: inflation may come into the US economy
M: your gov’t always can push “inflation” to other countriesU: i don’t understand your statementU: stop blamingU: and play ballU: don’t worry about other countriesU: they should take care of themselvesU: do you want to be an investor?U: then think like one
M: I had invested in Chinese stock market many years.U: and stop worrying about what US policy doesU: think about yourself and your familyU: if notU: then don’t be an investorU: because no government cares about you
M: U: ok…good
M: it’s said that North American stock market is quite stable.
M: for a long runU: yes…its quite high now
M: yeah.
M: It’s said that when democratic party is on power, the stock market will go up
M: When conservative party is on power, the stock market will keep low.U: it dosen’t matterU: it goes up and down at timesU: not true
M: ohU: it has gone up steady since 1982U: always upU: but some drops now and then
M: than in 2008, it went deep down for a whileU: but always recoversU: yesU: but it has recovered fully from that
M: generally, for a long run, how many percentage for the benefit?U: it depends
M: 5% every year for 50 years?
M: on averageU: if you bought stocks in a mutual fund in 1982U: then you could have enough money to retire on
M: that’s already 28 yearsU: more than that
M: so investment is importantU: of course
M: If I didn’t buy that apartment, I have nothing now.U: if you don’t invest your moneyU: someone else willU: so…be a capitalistU: and make some money
M: that apartment has doubled and maybe will double again.U: perhaps if you become a successful eBay proU: then you will have a few extra $$$ to invest
M: well , hope so, thanks
M: it’s past midnight
M: When I do some research about the stock market, I will have some questions for you about it.U: okU: hey…time for me to go
M: Before I have questions about International affairs and English,
M: In future, I will have quesitons about stock market.
M: are you ready?
M: 😉U: OKU: maybeU: good night
M: good night
M: (hug)U: (hug)